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Money laundering is ipso facto illegal; the acts generating the money almost always are themselves criminal in some way for if not, the money would not need to be laundered. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that property is the proceeds of a crime or obscure the beneficial ownership of said property". Retrieved 22 October The receiver could convert the Liberty Reserve currency back into cash for a small fee.
